INSIGHTS
Plain-English guidance on Tranche 2 obligations, scope and getting compliant.
AUSTRAC has begun issuing infringement notices to businesses it believes failed to enrol within 28 days of providing a designated service, naming real estate, accounting and jewellery. What a notice does and does not establish, and the order of steps to take now.
True Comply · · 6 min read
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AUSTRAC's data put real estate enrolments at 17,970 against roughly 45,000 offices, and the first section 167 notices have gone out. Enrolment was step one. Here is what the numbers say, what a notice actually asks for, and why we built a page around the gap.
Daniel Baulch · · 6 min read
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Papua New Guinea's leadership has signalled a fast exit from the FATF grey list. The public record shows why the timetable needs operational proof — and what relatively rapid modern exits required.
Daniel Baulch · · 8 min read
Read more →AUSTRAC has started warning unenrolled businesses publicly. But it told us in July 2025 exactly where enforcement would land — so this isn't a hardening, it's a phase change. One word did shift, though, and it widens the net. My view on what comes next.
True Comply · · 7 min read
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The reforms replaced the Part A independent review with an evaluation of your whole AML/CTF program. Here's when yours is due, who can do it, and what an evaluator will ask for.
True Comply · · 6 min read
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Most firms wrote a program in June and haven't opened it since. Here's what should have triggered a review by now, and a six-question test for whether yours is still alive.
True Comply · · 5 min read
Read more →From 1 July 2026, real estate agencies that provide designated services became reporting entities under Australia's AML/CTF regime. Here's what changed and what to do if you're behind.
True Comply · · 5 min read
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Enrol, build a program, know your customers, report, keep records. A plain-English guide to what the AML/CTF regime actually asks of a newly regulated business.
True Comply · · 6 min read
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Being an accountant, lawyer or agent doesn't automatically put you in scope — providing a designated service does. Here's how to think about capture correctly.
True Comply · · 4 min read
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When a regulator or auditor says “show me”, a policy binder on a shelf isn't enough. The businesses that cope best are the ones that capture evidence as they work.
True Comply · · 4 min read
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Tax returns and general advice usually sit outside the regime. Company formation, trust structuring and handling client money usually don't. Where the line falls for accountants.
True Comply · · 5 min read
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Transactional property work is squarely in scope. Litigation generally is not. What conveyancers and property lawyers need in place, and how legal professional privilege interacts with the regime.
True Comply · · 5 min read
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The deadline has passed and penalties can accrue daily. The good news is that the path back is well-defined, and acting now is materially better than waiting.
True Comply · · 5 min read
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AUSTRAC's regulated population was set to grow several-fold overnight. A significant number of captured businesses still appear not to have enrolled — and the pattern of who is missing is fairly predictable.
True Comply · · 5 min read
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Collecting a driver's licence is not customer due diligence. What initial CDD actually requires, when to go further, and the record you need to keep.
True Comply · · 6 min read
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When your client is a company or trust, the person in front of you is rarely the whole answer. How to trace ultimate beneficial ownership and what to do when the trail goes cold.
True Comply · · 5 min read
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The document everything else depends on — and the one most firms put off. What it has to cover, how long it should be, and how to avoid the two common failure modes.
True Comply · · 5 min read
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Most platforms demo well. The questions that separate them are about evidence, ownership tracing, ongoing monitoring and what happens when someone asks you to prove a decision from two years ago.
True Comply · · 6 min read
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Every newly captured business lands on one of three approaches. Each works at a certain size and fails at a certain point. An honest look at where each one breaks.
True Comply · · 5 min read
Read more →Tell us where you're at and we'll help you work out what applies to your business.
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